In an effort to attract assembly operations, Brazil allows certain product components to be imported at reduced tariff rates. This is an example of:
A) offsets.
B) preferential tariffs.
C) the effect of the Customs Valuation Code.
D) an EMC.
E) discriminatory procurement.
B
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In vertical analysis, each item is expressed as a percentage of:
A. Sales on the income statement. B. Net income on the income statement. C. Total expenses on the income statement. D. None of these answers is correct.
In the context of organizational design, what does replication refer to?
What will be an ideal response?
The unadjusted trial balance shows a $17,000 balance for Prepaid Rent. At the end of the year, $6,000 of the rent had been used. The adjusted trial balance reflects a balance for Prepaid Rent of:
A) $11,000 debit. B) $11,000 credit. C) $6,000 debit. D) $6,000 credit.
Which of the following statements about net profit margin is not correct?
A. Net profit margin indicates how much net income is earned for each dollar of revenue. B. A company with a net profit margin of 15% is using 85% of each dollar of revenue to cover costs and expenses. C. A company with a net profit margin of 8% may be evaluated differently depending upon which industry it is in. D. If a company's net profit margin increases from 12% to 18% this would be considered an improvement in profitability. E. All of these statements are correct.